Cryptocurrency is going to generate the greatest amount of wealth the world has ever seen. For this reason, we see cryptocurrency as a speculative class where people are waiting for the moon.
While this makes a lot of sense, the key is going to be getting people to actually use the tokens they acquire. This is going to be a true transition away from the fiat world. One of the things that I think is needed is the idea of marketplaces that cater to the specific currencies. For the moment, we are stuck with trying to get the present environment to accept cryptocurrency.
I came across this article which really shows how JAHM is making some headway in this area.
This article is a real eye-opener. I think it is something that most of us can identify with.
Today in Negril, Jamaica we had an amazing time, so great that I ran out of cash. We bought some local crafts, went to a couple seaside bars, ate some amazing food and even hit up the World's Famous Rick's Cafe, before going back to the hotel we stoped by @miyard's for a beer.
Oops, I hate when that happens.
Obviously, in many countries we pull out the old credit card and do not worry about it. That obviously is not a solution in many areas. Thus, people are left using ATMs which tend to charge outrageous fees.
Here is where JAHM enters the equation. Why not buy the beer with JAHM?
That is exactly what happened.
3 beer for 800 JAHM.
Is this akin to the 10,000 Bitcoin for 2 pizzas? JAHM holders can only hope.
Whatever the eventual outcome, it is always encouraging to see the evolution in this direction.
The JAHM project is a very interesting one. We are seeing one of the Steem based tokens starting to penetrate one of the leading countries in the Caribbean. There are a number of initiatives that are in play where people can use their JAHM tokens for commerce.
Now you can add buying beer in Jamaica to the list.
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